Marine Hull Circulars 2002

Sr. No.	Circular Reference No.	Date of Circular	Effective Date	Subject
1	M.Hull/Cir-1/2002	7-5- 2002	15-05-02	Marine Hull Manual -Section XII : Tariff for Sailing Vessels -Personal Accident Cover
2	M.Hull/Cir-2/2002	30-8- 2002	1-10-02	Format for Marine Hull Policy

M.Hull/Cir-1/2002                                                                                             Date : 7-5- 2002

Re : Marine Hull Manual - Section XII : Tariff for Sailing Vessels -Personal Accident Cover

Insurers' attention is invited to Item 'II. GENERAL PROVISIONS' contained in the Tariff for Sailing Vessels which, inter alia, incorporates a provision relating to Personal Accident Cover to unnamed members of crew.

• Kindly note that the Committee has decided to amend the existing provision in respect of the Sum Insured and Premium per head without stipulating any minimum premium, as under :

exceeding Rs.20 lakhs may be extended by an Endorsement to include Personal Accident cover to unnamed members of crew for different Sums Insured (to be opted by the Insured) at premia as provided below :

Sum Insured (per head) Rs.	Premium (per head) Rs.
25,000	15
50,000	30
75,000	45
100,000	60

Cover shall be granted for the exact certified maximum complement of crew.

The conditions and benefits per person are reproduced below:

    If a member of crew shall sustain any bodily injury resulting solely and directly from accident caused by outward, violent and visible means, then the Insurers shall be liable as under :

1. If such injury shall within six calendar months of its occurrence be the sole and direct cause of death of the member of crew - Rs.25,000/- or Rs.50,000/- or Rs.75,000/- or Rs.1,00,000/- as the case may be. The amount payable under the Clause shall be paid to the legal heir of the deceased.
2. If such injury shall within six calendar months of its occurrence be the sole and direct cause of the total and irrecoverable loss of sight of both eyes, or of the actual loss by physical separation of two entire hands or two entire feet or of one entire hand and one entire foot or of such loss of sight of one eye and such loss of one entire foot or of such loss of sight of one eye and such loss of one entire hand - Rs.25,000/- or Rs. Rs.50,000/- or Rs.75,000/- or Rs.1,00,000/- as the case may be.
3. If such injury shall within six calendar months of its occurrence be the sole and direct cause of the total and irrecoverable loss of sight of one eye or of the actual loss by physical separation of one entire hand or one entire foot - fifty per cent (50%) of Rs.25,000/- or Rs.50,000/- or Rs.75,000/- or Rs.1,00,000/- as the case may be.

4. If such injury shall as a direct consequence thereof immediately, permanently, totally and absolutely disable the member of crew from engaging in, being occupied with or giving attention to any employment or occupation of any description whatsoever - fifty per cent (50%) of Rs.25,000/- or Rs.50,000/- or Rs.75,000/- or Rs.1,00,000/- as the case may be.

   Note: P.A. cover can only be granted at the time of issuing the Marine Hull Policy against payment of 40% of the P.A. Premium amount. The extension of P.A. cover shall not be granted at any other stage of the Policy.

    3. The above will takes effect from May 15, 2002.

   4.  Insurers are requested to advise their operating offices suitably in the above regard.

                                                                                                            SECRETARY

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   M.Hull/Cir-2/2002                                                                                         Date : 30-8- 2002

   Re : Format for Marine Hull Policy

   Recently, the Committee examined the Policy Forms used by different Insurers in India and has drafted a standard format to be used by all Insurers for the purposes of Marine Hull insurance business in India.

   A specimen copy of the same, to be known as Marine Hull Policy, has been provided at Annexure 'A'.

   As may be noted therefrom, it has been decided to retain the 'Notice of Loss' wording but not the 'Premium Instalment Clause' wording hitherto used in some Policy Forms.

   This takes effect in respect of all policies to be issued by Insurers on or after 1-10-2002.

   Insurers are requested to advise their operating offices suitably in this regard.

                                                                                                                                    SECRETARY

   Annexure 'A'

   (Please refer TAC Circular No.M.Hull/Cir-2/2002 dt.30-8-2002)

   MARINE HULL POLCY

   NAME & ADDRESS OF THE INSURER

   Policy No. :

   Issuing Office :

   WHEREAS the ASSURED named in the schedule hereto, have represented to ....................................

   (hereinafter called the 'Company') that they are interested in or duly authorised to make the insurance mentioned and described and have paid or agreed to pay the premium hereinafter stated.

   THE COMPANY HEREBY PROMISES AND AGREES with the Assured, their Executors, Administrators and Assigns that the Company will insure against loss, damage, liability or expense subject to the clauses, endorsements, conditions and warranties contained in the schedule and/or attached hereto.

   SCHEDULE

   Name & Address of the Assured :
   Name of the Vessel :
   Interest Insured :
   Trading Warranty :
   Clause(s) and/or Endorsement(s) : To be named and attached	Special Conditions & Warranties : To be named and attached
   Period (if Time Policy) : From ..... To .......... (Dates) Voyage (if Voyage Policy) : From .... To ..... (Name of Ports)	Amount Insured hereunder : Interest H&M Freight Disbtts Others (Specify) Sum Insured         So Valued         Rate
   	Premium : ......... (amount to be shown interestwise) (Insurers to indicate : Marine & War/S.R.C.C. Premium separately the Service Tax, Stamp Duty and Total Premium. Total Amount both in figures and words).

   NOTICE OF LOSS : In the event of loss or damage which may involve a claim under this Insurance, immediate notice thereof and application for survey should be given to the Policy Issuing Office and when abroad, also to the nearest Llyod's Agent.

   IN WITNESS WHEREOF the Company has signed for and on behalf of the Company.

   PLACE :

   DATE :

   EXAMINED :                                                                         For ..............................Co.

                                                                                                       Authorised Signatory

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